Professor Klaus Schwab was born in Ravensburg, Germany in 1938. He is Founder and Executive Chairman of the World Economic Forum, the International Organization for Public-Private Cooperation.He founded the Forum in 1971, the same year in which he published Moderne Unternehmensführung im Maschinenbau (Modern Enterprise Management in Mechanical Engineering). In that book, he argued that the management of a modern enterprise must serve not only shareholders but all stakeholders (die Interessenten), to achieve long-term growth and prosperity. Schwab has championed the multistakeholder concept since the Forum’s inception, and it has become the world’s foremost platform for public and private cooperation. Under his leadership, the Forum has been a driver for reconciliation efforts in different parts of the world, acting as a catalyst of numerous collaborations and international initiatives. (See the history page for more information).View the profile
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02:50 The issues humanity is facing
08:10 Stakeholder responsibility
16:00 Appeal to the participants
20:50 ‘The world is on fire’
24:08 Dramatic consequences of lost biodiversity
Have any call the old welcome to Z. I know everything. We are celebrating her 50th birthday. But much more important is to be out celebrating 50 years of Engagement for a stakeholder responsibility. I'm pleased to welcome his Eminence Cardinal turkson prefix of dicastery for promoting human integral human development of the Vatican City state with a special message from Holiness. Pope. Francis is a pleasure to welcome you back to the house. This is to Professor Klaus Schwab. executive chairman of the world economic forum
How's the world economic Forum celebrates its 50th anniversary? I send greetings and prayerful good wishes to all taking part in. This year's Gathering. I thanked you for your invitation to participate. And have as canopy the Texan prefect of the De Casa for promoting integral human development to attend as a representative. In this year's the world economic Forum has offered an opportunity for the engagement of diverse stakeholders to explore an effective ways or building a better world. It has also provided an arena where
political and mutual cooperation can be guided and strengthened in overcoming the isolationism individualism and ideological colonization. Sadly characterizes too much contemporary debate. In light of the ever-growing and interrelated challenges affecting our world the team that you have chosen to consider this year namely for cohesive and sustainable world to the need for greater engagement at all levels in order to address more effectively their diverse issues facing Humanity.
Who are the past five decades we've witnessed your political Transformations and significant changes. From the economy and labor markets to digital technology and the environment. Many of these developments have benefited Humanity have had adverse effect and create a significant development lacunae. Today's challenges are not the same as those of half a century ago. And number of features remain relevant as we begin a new decade. Do you have a ride in a consideration never-to-be-forgotten is that we are
all members of the one human family. The moral obligation to care for one another flows from this fact as the correlative principle of placing the human person rather than the mere pursuit of power or profit at the very center of public policy. This duty morova is incumbent upon business sectors and governments alike and it's indispensable in the search for Equitable solutions to the challenges we face. As a result it is necessary to move Beyond short-term technological or economic approaches and to give full consideration
to the ethical diamonds in seeking resolutions to present problems of proportion initiatives for the future. All too often materialistic and alien visions sometimes hidden sometimes celebrated lead to practices and structures motivate largely or even solely by self-interest this typical views. All this as a means to an end and until a lack of solidarity and charity which in turn gives rise to real Injustice. And so where has a truly integrated human development can only flourish when all members of the Human family are included in
and contribute to pursuing the common good progress. fascinating fact which in one's own words in my encyclical letter call louder to see I do or tension to the importance of an integral ecology that takes into account the full implications of the complexity and interconnectedness of our common home. Renewed and integrated ethical approach calls for humanism capable of bringing together the different fields of knowledge including economics in the service of a
more integral and integration vision. And so endocrinologist Dr. Chief man's of the past 50 years. It is my hope that the participants in today's forum and those will be held in the future will keep in mind the high moral responsibility. Each of us has to sing the interest and integral development of our brothers and sisters including those of future Generations. May your deliberations lead to a growth in solidarity, especially with those most in need who experienced social and economic changes and whose very existence is even threatened.
And so to those taking part in the four room, I renew my prayer for good wishes for a fruitful meeting and I am booked up on all of you God's blessing of wisdom. Given from the Vatican on the first 15 day of January 2015 and signed by Pope Francis. Thank you. Thank you, your eminence for this inspiring message. And now please welcome see when I thought summer president of the Confederation and Professor cause swab founder and executive chairman of the world economic forum.
Yamaha Royal highnesses resident simonetta sommaruga president of Swiss Confederation distinguished heads of state and government your excellencies Do you remember some pop most of the world economic Forum dear friends? A very cordial welcome to the 50th. We are celebrating her 50th birthday. But much more important is to be out celebrating 50 years of Engagement for a stakeholder responsibility. Assembled fuel may know she has created after I wrote the book conceptualizing to stakeholder concept. I envisaged creating a global
village interaction between all stakeholders of global Society form governments to business from Civil Society to see young people. looking around in suspended Lee Hall I'm about absurd Community, which we have to be ate the TF over the years and I'm grateful for your engagement. Your loyalty you will. Make it happen. Christmas riddles hearings room halfway crook night that corporations are not just economic entities, but also social organisms. But we cannot be complacent.
We must give the concept of stakeholder responsibility meaning in real life. We will be unveiling three major initiatives this week. During our meeting here. We want to make substantial progress on the channel Gali accepted for him to make stakeholder responsibility sugar bowl and Shuffle also credible. The so-called ESG criteria on environmental social governance performance must become an integral part of cultivated reporting alongside super additional coffee to draw Street. second reborn to show How business is walking stick talk?
Recycling old 160 so-called Lighthouse projects of all-purpose so knowledge and resources to help to address social issues. The world is in a state of emergency window is closing. We do not want to face continued political and economic disintegration. We do not want to reach the Tipping Point of irreversibility of climate change. And we do not want to leave behind stupid ex generations and ever more hostile and ever let's have to just think of survivor files in Australia.
So what should we do? Trust the basic concept of the world economic forum is it also says challenges are so great. Since I cannot be at the Best Buy one by one by one organization that we need the global platform for collaborative. What was the last 50 years the world economic Forum has become a comprehensive plastic platform a public-private cooperation reinforced last year to a strategic cooperation framework agreement with United Nations. This week is Upland. It is an open-source stitched platform
that will allow all people with innovative ideas with expertise and resources to engage behind un sustainable development goals. Which oceans second we want to listen to the young and too diverse voices and to jointly look for Solutions exchange of dialogue and understanding. Abram Boise to be her out here. It's his whole has to be respected. I know it's impossible clean. See I know him beer thing will be a douche. Look at auction. Most events taking place here in
prepare by top forces ahead of time to ensure tangible progress can be made this week. Allow me to give you some examples of the best way to foster a more cohesive and inclusive Society fight. Everybody recent Easton job resume skills needed for each of the first Industrial Revolution. As far as more sustainable investment mainstream and overtime imperative. It will ensure say engagement of our partners and members to become Calvin YouTube. Finally in addition to the commitment to reduce carbon emissions. 2 East Division of our ecosystem is the
priority for succumbing to set and we will launch a public phone. Fort Lee Focus station Administration will be to go to the store and consider 1 billion trees 1 trillion, please by 2050. I'm delighted to see so many governments and companies are Keen to engage as well as the Saudi Arabian Chi 24 residencies for whom safeguarding to planet is the name. So what's all the kinds of initiatives which will spark a lasting Legacy of our special anniversary year, please
engage. Do participants. Bring me to Instagram. We came to my sister's a channel loss of trust and confidence of people. It is capital with a profound pessimism as soon as you At 3 tell no lies by Suze feelings. Just the opposite same as us to act. Change doesn't come by itself. We excluded stakeholders ability to type it and to private university of static. So here are Davos we have to start with the premise of each of us. Can help to create a better world
Business Leaders government leaders and Jody does scientists young people for cultural leaders. You just can not only affect the world. We must create event. So so so much transformation the power to you. If he actually ate a Goodwill and action we can say to the Next Generation you can rely on us. ladies and gentlemen I have now. scraped special I don't know. student would use simonetta sommaruga environment transport energy and Communications Madam president actually so second time. But you all healed and since I have
some pleasure to welcome you as an opening speaker in Dallas. You have been part of the federal Council now for 10 years since 2010. And in your new Wheels address you emphasize the importance of personal encounters in an increasingly complex Digital Life. What's this you have expressed that you want to regular meet with people from all walks of life as we have assembled to you throughout your presidential you to talk about ideas hopes consoles. You also place to preservation of Nature Center of
your presidential year fundamental issues that form a compound of sulfur. I would like Express location offices special anniversary Mighty Jackie Chu Cymbalta prestige gratitude to our house country. Do you madam president to all the other members of the Swiss government were here with us today. I would like to sang this Parliament. Japan tone of Covington Municipality of Thomas Hospital without your support so is prompt 50 years would not have cream puffs. The so-called Spirit of travels via
pound said in a small way. We can reflect the best to act as the Imposter platform for dialogue committed to improving state of savant. Confederation has graciously offered us a bundle full book celebrating 50 years of citizens in pictures, but you have fine on your seats. Thank you. Give Professor Schwab. excellent seats ladies and gentlemen The world is on fire. What's the Secretary General of the United Nations said is true and it is evident. We see the rainforest burning in the Amazon
and the bushfires in Australia the consequences for humans and nature are disastrous. Less evident and the fires is what this all means when the ecological balance is disrupted. What does it come treacly mean for us humans and for our planet? I would like to give a voice to those who can explain to us in just two minutes what it means when plant and animal species is and what the consequences will be for all of us. The message of the Beast is clear and indisputable. When it cannot make interest are placed above the functioning of
natural world. when insects animals and plant disappear eradicated by humans by insecticide pesticides and monocultures Then the consequences for humans and for the economy are dramatic. However, we do not truly feel it in our everyday lives. So why should we worry about it? Because biodiversity is like the Eiffel Tower of Paris. When you removed from the Eiffel Tower one screw a day, nothing happens at first. But at some point you remove yet another single
screw and that is the one that causes the tower to fall apart. The same goes for nature where interactions are so delicately balanced. We can no longer Stand By and Watch biodiversity and climate protection are not hobbies for idealists. They need to be addressed by politicians and by business people we need the private sector to act on biodiversity and climate protection. We need politicians to take action into own country and internationally to ensure that the ecologically balance is restored
and that global warming is stopped. Ladies and gentlemen, it is not found in nature that requires balance. In international Politics as well balanced is an essential Factor. Today, I looked at the state of the world with concern. In some regions passions are being taught to achieve political goals emotions such as intolerance Prejudice and revenge. Let us not forget the lessons nature teaches us success in One Direction can lead to a backlash in the opposite direction
can prepare the ground for the strike back. In international Politics as in the managing of our environment the search for the right balance that use of informed and consensus-building are of the utmost importance. We have all made our way here to divorce to this end. Who finds the right balance for our common future this is possibly but those bees that you have Justin would tell us. When the world is on fire, we cannot leave the work to the fireman alone
politicians and Society have to take action. So let us make use of our time here together to engage in dialogue and to seek a balance that benefits all of us. Thank you. Thank you. All my time prices on we will follow session in just a moment's rating for President Trump.
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